Data for Rattigan plc are presented in P13-5A. Instructions Prepare the operating activities section of the statement
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Instructions
Prepare the operating activities section of the statement of cash flows using the direct method.
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RATTIGAN plc Income Statement For the Year Ended December 31, 2017 £970,000 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income £624,000 55,000 25,000 704,000 266,000 40,000 £226,000
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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